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Dopert
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October 25, 2017, 11:17:35 PM |
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Did you really expect 10x returns? You're buying a discount electricity token for gods sake, there's a clear limit of how high it can go.
There is also a instrict value as mining intrest grows fast (sold out pre orders) under majority, but don't have any compenetions nor intrest for pools / settings / etc. Last Genesis contract asked 0.28 cent per kwh. So that is like 2.4 dollar per token. Than around 2 or 3 times. So 5 dollar is pretty fair after 4 month smotly operational proven. |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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mextrusion
Newbie
 Offline
Activity: 47
Merit: 0
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October 25, 2017, 11:33:40 PM |
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This is seeming more and more like a hostage situation. They are making it incredibly difficult for people to exit this failure of theirs. . . Sadly, if this was an up and running project, I would totally buy 10 S9's and sit back for years and years and gain btc. Their goal is to make large scale mining accessible to normal people, Which is an amazing idea! Which I love! . . This was a good idea! Embarking on an untouched atmosphere of possibilities for new businesses and innovation that helps those who aren't already Millionaires. Personally, I will steer everyone away from GW within my 'small' circle of crypto maniacs. Also another thing to be aware of. Gigawatt is giving people who bought tokens and miners the ability to resell their products, but they are offering consignment on one of their partner websites, for a large fee, of course.
So just to recap.
1. Token sale in June, collected millions of dollars(around 19m)
2. Price of BTC up from a low of 1800 to a high of 6000 today. (19m worth approx 60m today)
3. Miners implementation are delayed until March-April based on issues that could have been solved prior to token sale by having inspectors go over all the details.
4. Reselling miners for you for profit on their website(they take a cut of the sale). No refunds on tokens.
5. Internal issues were not sorted out before starting and collecting 18m in a token sale. Blame this on "growing pains"
6. No actual solutions, refunds, or otherwise to the customers of the project other than taking back your miners or wait.
7. Gigawatt Generating profits on 18m in Bitcoins for 9-12 months while you wait.
8. Gigawatt building out extensive power infrastructure at your expense.
9. Difficulty increasing exponentially on all Miners by the week.
So all the Gigawatt fanboys here, if this is how you think a good ICO should be run, and you think this was a good investment... Then let me let you in on my new ICO Bitcoinguy140watt. ICO starts soon.
In all seriousness, how could anyone with some common sense not see this as a blatant scam? I would like to hear some opinions.
I mentioned earlier that I don't think this is intended as a scam because they will even let you look tour their facility getting built with everything transparent. But I think they have some serious issues and should do something to compensate the batch holders for the delays. Investors may not have agreed to this ICO if they knew the actual delays possible. But then again, it is a speculation and you really don't know what will happen on new tech. It's not a scam. |
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AshleyAshes
Copper Member
Full Member
Offline
Activity: 378
Merit: 100
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October 26, 2017, 03:26:04 AM |
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Where can I find info about your bounty campaign, if you have it?
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ZedZedNova
Sr. Member
Offline
Activity: 475
Merit: 265
Ooh La La, C'est Zoom!
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October 26, 2017, 04:27:18 AM |
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Sweet. Since you have no skin in the game I can ignore your drivel. I didnt. Well, if they/you are not buying the excuses, then get out of the market. This is a new venture, doing something in a totally new way, in an area that isn't used this kind of business. They are trying to be above board, but this is the internet, and everyone knows that everyone lies. However, they following the guidelines/rules, and running into bureaucratic red tape, and interpretations of the rules that can differ between inspectors. If an inspector or department, or certification agency wants to play hardball and deny you their approval, they can do it. All they need to do is find one minor nit, and bam, you fail. Sorry, better luck next time. If you were so sure that this was a scam why did you buy in? Let's take your comments and compare them to all of the people who are upset about 5-8 month delays. Im pretty sure 95% of the people are not buying the excuses they are selling. And yes, they were mining in the past. You can see here. https://www.youtube.com/watch?v=BoT-y5FPoqwWe really need someone from Giga support to give investors info about this situation.
I dont work for Gigawatt, but I can tell you that they have no issues mining themselves! https://www.litecoinpool.org/statsCurrently number 2 in the Litecoin mining pool. And they say ICOs are not scams. Haha. Seems they sure have room for themselves to mine. Believe it or not Giga-Watt was hosting miners before the ICO. The ICO was so that they could expand. Giga-Watt is not mining for themselves, per se, but rather all the miners point to the Giga-Watt address and probably use a worker name to identify the owner, rather than use the owners address. Giga-Watt does things this way so that they can get paid their fees up front, rather than trusting miners to pay their bills. Please leave your FUD in the bin outside. |
No mining at the moment.
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ZedZedNova
Sr. Member
Offline
Activity: 475
Merit: 265
Ooh La La, C'est Zoom!
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October 26, 2017, 04:41:33 AM |
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Did you really expect 10x returns? You're buying a discount electricity token for gods sake, there's a clear limit of how high it can go.
Ding! Ding! Ding! We have a winner. That's why I bought in. I can't get electricity for less, let alone a managed and monitored site. I'm not expecting to make a killing on the WTT tokens. The tokens are just a way to buy long-term access to the GW facilities, and right now earn at least some return while waiting for the pods to be completed and my one miner (for now) to be installed and powered up. While waiting, I have been renting my tokens and so far 3.9% of my investment (tokens and not yet installed miner) has been "returned," which when annualized comes out to 30.25% which is just fine by me. When the miner comes online and starts earning that number will go up. |
No mining at the moment.
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allahabadi
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October 26, 2017, 05:41:09 AM |
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Also another thing to be aware of. Gigawatt is giving people who bought tokens and miners the ability to resell their products, but they are offering consignment on one of their partner websites, for a large fee, of course.
So just to recap.
1. Token sale in June, collected millions of dollars(around 19m)
2. Price of BTC up from a low of 1800 to a high of 6000 today. (19m worth approx 60m today)
3. Miners implementation are delayed until March-April based on issues that could have been solved prior to token sale by having inspectors go over all the details.
4. Reselling miners for you for profit on their website(they take a cut of the sale). No refunds on tokens.
5. Internal issues were not sorted out before starting and collecting 18m in a token sale. Blame this on "growing pains"
6. No actual solutions, refunds, or otherwise to the customers of the project other than taking back your miners or wait.
7. Gigawatt Generating profits on 18m in Bitcoins for 9-12 months while you wait.
8. Gigawatt building out extensive power infrastructure at your expense.
9. Difficulty increasing exponentially on all Miners by the week.
So all the Gigawatt fanboys here, if this is how you think a good ICO should be run, and you think this was a good investment... Then let me let you in on my new ICO Bitcoinguy140watt. ICO starts soon.
In all seriousness, how could anyone with some common sense not see this as a blatant scam? I would like to hear some opinions.
1-9: Sir,you are Correct. For those of us who prefer to not mine at home or simply buy and hodl -and find themselves trapped into GW now, absent any fair refunds options- have you any better, constructive, suggestions? Facing same issue... I'm in Batch 3 (100 tokens)... I just want them to give me my tokens, so tht I can sell it on EtherDelta and get out... Bored to daeth by them... |
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usenet
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October 26, 2017, 06:25:31 AM |
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Also another thing to be aware of. Gigawatt is giving people who bought tokens and miners the ability to resell their products, but they are offering consignment on one of their partner websites, for a large fee, of course.
So just to recap.
1. Token sale in June, collected millions of dollars(around 19m)
2. Price of BTC up from a low of 1800 to a high of 6000 today. (19m worth approx 60m today)
3. Miners implementation are delayed until March-April based on issues that could have been solved prior to token sale by having inspectors go over all the details.
4. Reselling miners for you for profit on their website(they take a cut of the sale). No refunds on tokens.
5. Internal issues were not sorted out before starting and collecting 18m in a token sale. Blame this on "growing pains"
6. No actual solutions, refunds, or otherwise to the customers of the project other than taking back your miners or wait.
7. Gigawatt Generating profits on 18m in Bitcoins for 9-12 months while you wait.
8. Gigawatt building out extensive power infrastructure at your expense.
9. Difficulty increasing exponentially on all Miners by the week.
So all the Gigawatt fanboys here, if this is how you think a good ICO should be run, and you think this was a good investment... Then let me let you in on my new ICO Bitcoinguy140watt. ICO starts soon.
In all seriousness, how could anyone with some common sense not see this as a blatant scam? I would like to hear some opinions.
1-9: Sir,you are Correct. For those of us who prefer to not mine at home or simply buy and hodl -and find themselves trapped into GW now, absent any fair refunds options- have you any better, constructive, suggestions? Facing same issue... I'm in Batch 3 (100 tokens)... I just want them to give me my tokens, so tht I can sell it on EtherDelta and get out... Bored to daeth by them... I wonder why you are buying 100 tokens. After all, the price of tokens will not rise high. This is just a low price guarantee for 1kWh of power. 100 tokens can not earn much, and L3 +, D3, S9 etc. - all have a power greater than 100W to which these 100 tokens entitle. |
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cuteman
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October 26, 2017, 11:59:10 AM |
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Biggest ICO fail of 2017?
Who agrees?
don't fully agree. Big ICO delay - ths would be more correct. |
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cuteman
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October 26, 2017, 12:05:13 PM |
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Where can I find info about your bounty campaign, if you have it?
ICO ended long time ago, no bounty any longer  |
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cuteman
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October 26, 2017, 12:11:25 PM |
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2. Price of BTC up from a low of 1800 to a high of 6000 today. (19m worth approx 60m today)
BTC price could go down as well. Nobody can predict the future. It is easy to make conclusions based on known past events.  |
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Dopert
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October 26, 2017, 03:14:54 PM |
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All pro videos on youtube will do us good on token price, just must sit it out the delays  |
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bitcoinguy140
Newbie
Offline
Activity: 52
Merit: 0
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October 26, 2017, 05:23:25 PM |
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2. Price of BTC up from a low of 1800 to a high of 6000 today. (19m worth approx 60m today)
BTC price could go down as well. Nobody can predict the future. It is easy to make conclusions based on known past events. Sure thats true, but what actually happened and what was the cost basis for that risk analysis? You didnt have the choice in the matter as you gave it to them. They could have a full trading staff on hire that traded those coins up and down and make even more money. No one knows. |
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cuteman
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October 26, 2017, 05:54:14 PM |
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2. Price of BTC up from a low of 1800 to a high of 6000 today. (19m worth approx 60m today)
BTC price could go down as well. Nobody can predict the future. It is easy to make conclusions based on known past events. Sure thats true, but what actually happened and what was the cost basis for that risk analysis? You didnt have the choice in the matter as you gave it to them. They could have a full trading staff on hire that traded those coins up and down and make even more money. No one knows. According to white paper they transfered all coints to fiat during ICO, and keep them at escrow. they are not playing with these money I think |
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Lucas Johannesburg
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October 26, 2017, 07:46:53 PM |
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Biggest ICO fail of 2017?
Who agrees?
don't fully agree. Big ICO delay - ths would be more correct. "Fail" "Delay" they mean the same thing in this circumstance. |
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Dopert
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October 26, 2017, 07:50:06 PM |
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2. Price of BTC up from a low of 1800 to a high of 6000 today. (19m worth approx 60m today)
BTC price could go down as well. Nobody can predict the future. It is easy to make conclusions based on known past events. Sure thats true, but what actually happened and what was the cost basis for that risk analysis? You didnt have the choice in the matter as you gave it to them. They could have a full trading staff on hire that traded those coins up and down and make even more money. No one knows. According to white paper they transfered all coints to fiat during ICO, and keep them at escrow. they are not playing with these money I think Uhm. ICO here is ment to be for investment capital so far as i understand. So GW had to bring it to fiat to pay all the stuff. |
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Bitcoin2theEnd
Member
Offline
Activity: 137
Merit: 14
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October 27, 2017, 01:37:42 AM |
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I have 2 x S9 miners sitting at Giga Watt. Unable to use due to tokens being in batch 3. Happy to sell one or both together. What price should I sell them for?
Message me if you are interested. Hoping to sell them to someone who is using Giga Watt for easy transfer.
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dasholator
Newbie
Offline
Activity: 57
Merit: 0
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October 27, 2017, 11:24:52 AM |
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Facing same issue... I'm in Batch 3 (100 tokens)... I just want them to give me my tokens, so tht I can sell it on EtherDelta and get out... Bored to daeth by them...
Same issue. All I got is a promise to get WTT tokens. But at least they are a real company with real products. not like VERITASEUM and PARITY which delivered their broken code Ether tokens |
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fckltx
Newbie
Offline
Activity: 22
Merit: 0
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October 27, 2017, 01:42:22 PM |
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so the last info is no exact date for batch 3 ?
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mextrusion
Newbie
Offline
Activity: 47
Merit: 0
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October 28, 2017, 01:04:21 PM |
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Facing same issue... I'm in Batch 3 (100 tokens)... I just want them to give me my tokens, so tht I can sell it on EtherDelta and get out... Bored to daeth by them...
Same issue. All I got is a promise to get WTT tokens. But at least they are a real company with real products. not like VERITASEUM and PARITY which delivered their broken code Ether tokens PODS 1 & 2 have been completed for some time. Is the mining working? |
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